For the purposes of the ownership condition1:
(1) where two or more companies carry on a trade, the interests in the trade belonging to them are taken to correspond to the shares of the trade's profits to which they are entitled2;
(2) an interest in a trade belonging to trustees (otherwise than for charitable or public purposes), is treated as belonging to the persons for the time being entitled to the income under the trust3;
(3) where a company is carrying on a trade4, the interest in the trade belonging to the company in carrying it on may be
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